New York State Teachers Retirement System Sells 14,600 Shares of KBR, Inc. (NYSE:KBR)

New York State Teachers Retirement System reduced its stake in KBR, Inc. (NYSE:KBR - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,795 shares of the construction company's stock after selling 14,600 shares during the quarter. New York State Teachers Retirement System owned 0.11% of KBR worth $6,913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of KBR in the fourth quarter valued at about $1,131,000. US Bancorp DE raised its position in KBR by 101.6% in the 4th quarter. US Bancorp DE now owns 1,992 shares of the construction company's stock valued at $115,000 after buying an additional 1,004 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in KBR by 37.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,168 shares of the construction company's stock valued at $126,000 after acquiring an additional 596 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in KBR by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 842,016 shares of the construction company's stock worth $48,778,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Atria Investments Inc boosted its position in KBR by 123.7% during the 4th quarter. Atria Investments Inc now owns 10,389 shares of the construction company's stock worth $602,000 after acquiring an additional 5,745 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KBR. UBS Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.14.

KBR Stock Performance

NYSE:KBR traded down $0.67 on Monday, hitting $46.95. The company's stock had a trading volume of 1,983,940 shares, compared to its average volume of 1,389,683. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The firm has a market capitalization of $6.09 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.74. The stock has a fifty day moving average of $52.10 and a two-hundred day moving average of $52.76. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio is presently 22.07%.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.